Obama: “not going to be able to get deal w/o” tax hikes on rich. Wish he’d show us the kind of flexibility he promised to Russia. #tcot
— Fred Thompson (@fredthompson) December 7, 2012
Here’s the story:
President Obama today declared there would be no deal to avert the looming fiscal cliff unless Republicans agree to raise rates on the top 2 percent of income-earners.
â€œIf weâ€™re going to raise revenues that are sufficient to balance with the very tough cuts that weâ€™ve already made and the further reforms in entitlements that Iâ€™m prepared to make, that weâ€™re going to have to see the rates on the top 2 percent go up. And weâ€™re not going to be able to get a deal without it,â€ he told Bloomberg News in his first interview since the election.
â€œItâ€™s not me being stubborn. Itâ€™s not me being partisan. Itâ€™s just a matter of math,â€ he added.